Market wrap up(DWM,T,N,E):The Nifty 50 had another gap-up opening on June 25 and gained further strength, closing above 25,200 for the first time since October last year, with a 0.8 percent rally ahead of the expiry of June derivative contracts scheduled for tomorrow. Given the favourable technical indicators and falling VIX, experts suggest that the index is likely to climb toward the 25,300–25,350 range in the upcoming sessions. Sustaining above this zone could open doors for targets in the 25,500–25,600 range, provided the index holds the support at 25,100–25,000. The index formed a bullish candle on the daily charts, continuing its higher-low formation for the fourth consecutive session. It sustained above short-term moving averages (10 and 20-day EMAs), with positive crossovers in the RSI (at 60.94) and Stochastic RSI. The MACD is on the verge of a positive crossover with an improving histogram, signaling a healthy uptrend.
